BlackRock Amends AMWL Stake, Maintains Passive Position
Ticker: AMWL · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1393584
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of American Well Corp, but it's a passive stake.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership in American Well Corp (AMWL) as of December 31, 2023. This filing, an amendment to a previous one, shows BlackRock continues to hold a significant, though passive, stake in the telehealth company. This matters to investors because BlackRock is a major institutional investor, and its continued holding signals a long-term, passive interest in American Well Corp's performance.
Why It Matters
This filing confirms BlackRock's ongoing, substantial, but passive investment in American Well Corp, which can be seen as a vote of confidence from a major institutional investor.
Risk Assessment
Risk Level: low — This is a routine amendment from a large institutional investor, indicating a passive stake, and does not suggest any immediate risk or significant change in company control.
Analyst Insight
Investors should note that a major institutional investor like BlackRock maintains a passive stake, suggesting a long-term, hands-off investment perspective rather than an active push for change. This filing doesn't indicate any immediate catalysts for the stock.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- American Well Corp (company) — the subject company (issuer) of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- BlackRock will likely maintain its passive investment in American Well Corp for the foreseeable future. (BlackRock, Inc.) — high confidence, target: 2025-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and '(Amendment No: 2)' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' in the filing.
What is the subject company (issuer) of the securities mentioned in this filing?
The subject company, or issuer, is American Well Corp, as clearly stated under 'SUBJECT COMPANY: COMPANY CONFORMED NAME: American Well Corp' and '(Name of Issuer) American Well Corp'.
What is the CUSIP number for the securities discussed?
The CUSIP number for the Common Stock of American Well Corp is 03044L105, as listed under '(CUSIP Number) 03044L105'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding American Well Corp (AMWL).